Growth Metrics

Figs (FIGS) Operating Expenses (2020 - 2026)

Figs (FIGS) reported Operating Expenses of $103.8 million for Q1 2026, up 22.61% year-over-year from $84.7 million in Q1 2025, and down 4.1% on a QoQ basis from $108.3 million in Q4 2025.

Figs (FIGS) has 7 years of Operating Expenses data on file, last reported at $103.8 million in Q1 2026.

  • Quarterly Operating Expenses rose 22.61% year-over-year to $103.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $400.8 million (up 6.51% YoY) and the FY2025 annual result came in at $381.7 million, up 2.23% from the prior year.
  • Operating Expenses eased to $103.8 million in Q1 2026 per FIGS's latest filing, from $108.3 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $108.3 million in Q4 2025 and bottomed at $64.7 million in Q1 2022.
  • The 5-year median for Operating Expenses is $89.5 million (2023), against an average of $89.3 million.
  • Peak annual rise in Operating Expenses reached 39.71% in 2022, while the deepest fall reached 27.6% in 2022.
  • Tracing FIGS's Operating Expenses over 5 years: stood at $95.6 million in 2022, then decreased by 12.51% to $83.6 million in 2023, then gained by 11.56% to $93.3 million in 2024, then advanced by 16.04% to $108.3 million in 2025, then dropped by 4.1% to $103.8 million in 2026.
  • Per Business Quant, the three latest FIGS Operating Expenses figures stand at $103.8 million (Q1 2026), $108.3 million (Q4 2025), and $96.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Ralph Lauren 22.42 Bn 20.35 Bn 1.38 Bn 1.19 Bn
2 Levi Strauss 9.03 Bn 8.22 Bn 1.08 Bn 879.60 Mn
3 V F 6.53 Bn 6.32 Bn 1.22 Bn 2.10 Bn
4 Pvh 4.49 Bn 3.79 Bn 1.44 Bn 1.22 Bn
5 Kontoor Brands 3.96 Bn 3.85 Bn 470.76 Mn 896.96 Mn
6 Columbia Sportswear 3.46 Bn 2.93 Bn 394.96 Mn 357.14 Mn
7 Under Armour 2.29 Bn 1.38 Bn 492.04 Mn 517.73 Mn
8 Figs 1.95 Bn 1.68 Bn 108.30 Mn 103.82 Mn
9 G Iii Apparel 1.38 Bn 969.37 Mn 285.48 Mn 70.31 Mn
10 Canada Goose Holdings 710.16 Mn 412.34 Mn -268.86 Mn -182.98 Mn

Historic Data

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DateValue
Mar 31, 2026 103.82 Mn
Dec 31, 2025 108.26 Mn
Sep 30, 2025 96.43 Mn
Jun 30, 2025 92.33 Mn
Mar 31, 2025 84.67 Mn
Dec 31, 2024 93.30 Mn
Sep 30, 2024 102.66 Mn
Jun 30, 2024 95.71 Mn
Mar 31, 2024 81.69 Mn
Dec 31, 2023 83.63 Mn
Sep 30, 2023 87.44 Mn
Jun 30, 2023 89.47 Mn
Mar 31, 2023 82.38 Mn
Dec 31, 2022 95.59 Mn
Sep 30, 2022 79.62 Mn
Jun 30, 2022 76.90 Mn
Mar 31, 2022 64.69 Mn
Dec 31, 2021 73.57 Mn
Sep 30, 2021 64.15 Mn
Jun 30, 2021 106.21 Mn
Mar 31, 2021 46.30 Mn
Dec 31, 2020 51.29 Mn
Sep 30, 2020 32.06 Mn
Jun 30, 2020 28.66 Mn